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Salaried employees in India must note that interest on EPF contributions over ₹2.5 lakh is now taxable. Since 2022, the government started this rule for high contributors. Any amount above this threshold gets added to your taxable income. Many people got confused, but this change affects those making large voluntary contributions.
Titan Company shares hit a record high of Rs 5007.55 ahead of the June quarter earnings set for August 7. The firm saw a 1.92% rise as consumer businesses grew 41% year-on-year. Analysts expect a 30% revenue jump, though many now track how higher gold import duties impact festive demand.
Milky Mist Dairy Food will launch its ₹1,553 crore IPO on August 11. The Tamil Nadu-based firm said it grew over 30% annually for years. CEO K. Rathnam said, “Milky Mist is growing in the range of 30%.” Value-added products like paneer and cheese help the company manage milk price fluctuations.
Around 42 equity mutual funds delivered over 15% CAGR in 10 years, turning a Rs 1 lakh lump-sum investment into over Rs 4 lakh. Nippon India Small Cap Fund topped the list with a 20.61% CAGR. Many schemes from Quant, HDFC, and SBI also showed strong growth for their investors.
The Reserve Bank of India will conduct an underwriting auction for ₹32,000 crore of government securities on August 7, 2026. The RBI said, “The underwriting auction will be conducted through multiple price-based method on August 7, 2026.” Primary Dealers will bid to ensure the government successfully raises these necessary funds.
India’s corporate registry faces a credibility test as statutory filings slip. The number of companies required to file annual returns rose to 1.765 million in 2024-25. "Limited compliance capacity among small businesses, frequent regulatory changes, portal-related issues, audit delays and lack of awareness are key factors," said Prasad Nakashe.
Zinc futures are trading at ₹393/kg after rallying since the final week of June. While the uptrend remains valid, the price faces resistance at ₹395. Experts said, "book profits at the current level of ₹393." The price could drop to ₹382 before it sees another leg of rally to ₹400.
Indian Railways approved a new licensing framework for Container Train Operators to improve rail freight. Operators can now run trains across the entire network with a single All India licence instead of separate route permissions. This reform simplifies the process, removes renewal charges, and sets a uniform registration fee of ₹25 crore.
A 21-year-old Singapore student used ChatGPT to save her family’s grocery shop from Rs 20 lakh debt. Lin Enqi started using the AI to manage inventory and plan promotions. The tool helped her finish manual tasks in two days. She said, "Suggestions like these played a role in improving performance."
Swiggy aims to reach Rs 10,000 crore in annual adjusted Ebitda by fiscal year 2031. The food delivery business will contribute Rs 5,000 crore to this goal, while Instamart is expected to generate Rs 4,000 crore. The company also targets Rs 1 lakh crore in net order value across its operations.
Loan approval varies even if two people earn the same salary in the same city. Banks look at many factors beyond income to assess repayment ability. They check credit scores, job stability, and existing debts. Maintaining a low credit utilisation ratio helps, as lenders prefer borrowers with responsible financial habits.
IIFL Capital Services Ltd partnered with Flytxt on August 6, 2026, to use Agentic AI for AUM growth. The firm said, "Our collaboration with Flytxt reflects our commitment to leveraging AI to deepen investor engagement." This move helps IIFL provide better investment recommendations by understanding investor behavior and their financial goals.